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Lands, the purchase of which by Cardigan a decade before had caused his neighbours to impugn his judgment, now developed strategical importance. As a result those lands necessary to consolidate his own holdings came to him at his own price, while his adverse holdings that blocked the logging operations of his competitors went from him also at his own price.
"My dredgers redeemed twice that acreage from the marshes in the past year," Dick replied. "The thing is, I believe the West and the world must come to intensive farming. I want to do my share toward blazing the way. I've divided the five thousand acres into twenty-acre holdings. I believe each twenty acres should support, comfortably, not only a family, but pay at least six per cent."
It is not for nothing that the tenants in the West find themselves to-day paying less than half for their holdings of what they paid twenty years ago, and paying it, moreover, not by way of rent but as a terminable annuity.
Its public character, in short, left the College and its holdings at the disposal of the Legislature.
It is true that there are always a score or two of us up there, for somehow the Bairds have enemies, but most of the followers of the house live on their holdings, raise cattle and mountain sheep, grow oats, and live as best they can." "For myself, I would rather live with others," Oswald said.
The appointment of an official commission, which had to counteract the dangerous diminution of the farmer-class by the comprehensive establishment of new small holdings from the whole Italian landed property at the disposal of the state, was doubtless no sign of a healthy condition of the national economy; but it was, under the existing circumstances political and social, suited to its purpose.
I could not blame the realestate men for attempting to unload their holdings before they suffered the fate of one tall building at Hollywood and Highland. The grass closed about its base like a false foundation and surged on to new conquests, leaving the monolith bare and forlorn in its new surroundings.
I am opposed to the promotion of any policy that does not provide for absolute freedom on the part of the wage earners and do not think we should undertake to give power for large holdings of land in the islands against the opposition of the people of the locality. Any development of the islands must be solely with the first object of benefiting the people of the islands.
I shook my head and thanked him out of a full heart. The purchase of the Denver ticket hadn't left me much of a balance out of the black pocketbook's holdings, but I couldn't borrow of Barton; that was out of the question. Shortly after this we had another meal together in the dining-car, and this time there were no sudden alarms to make me turn sick and panicky.
Within the statutory limit of four years the water company would have had time to extend its canals and laterals, the dummy entrymen would have been able to show proof of reclamation and secure their patents, and after waiting a year, perhaps to preserve appearances, they would, for a consideration, gradually transfer their holdings to the water company, Within five years, the water company would have owned the entire valley, would have reorganized, called themselves a land and irrigation company and gone into the real estate business, selling five to twenty acre farms, with a perpetual water right, at prices ranging from three to five hundred dollars per acre.
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